AGRICULTURAL BANK OF CHINA(SH:601288) Jin Rong Shi Bao·2025-10-15 02:13Core Viewpoint - Shandong Province is making significant strides in green low-carbon development, with a focus on integrating green finance to support high-quality economic growth and ecological protection [1] Group 1: Green Finance Initiatives - Agricultural Bank of China (ABC) established a Green Finance Research Institute in collaboration with the Shandong provincial government to support green development [2] - As of June, ABC's green credit balance reached 321.7 billion yuan, an increase of over 280 billion yuan since July 2021, with an annual growth rate exceeding 100% [2] - The proportion of green loans in total loans increased by 20.4 percentage points over four years, and ABC has been recognized as an "A-class" unit in ESG evaluation for three consecutive years [2] Group 2: Innovative Financial Products - ABC launched the "Jinshi Qilu·Yellow River Series Loan" to support ecological protection and high-quality development in the Yellow River basin, winning the "Dingxin Cup" innovation product award [3] - The bank created a sustainable development-linked loan of 1 billion yuan with Asia Pulp & Paper (Shandong) Co., linking loan rates to environmental performance indicators [3] Group 3: Nuclear Power Projects - The Haiyang Nuclear Power Plant's third unit has completed its major module installation, expected to generate 40 billion kWh annually, meeting half of Shandong's residential electricity needs and reducing CO2 emissions by 32 million tons per year [4] - ABC provided significant financial support, forming a 32 billion yuan syndicate loan to ensure the project's timely progress [4] Group 4: Marine Economy Support - ABC has been actively supporting marine ecological and economic development, underwriting short-term bonds for nuclear power projects totaling 9.16 billion yuan since 2020 [5] - The bank has provided 604 million yuan in loans for the construction of national-level marine ranch demonstration areas [5] Group 5: Comprehensive Green Financial Services - ABC launched the "Green Painting Qilu 360 Financial Service System" to provide a comprehensive green financial service framework, including 42 sub-products across five major areas [6] - This system has been recognized as one of the top ten green financial products in Shandong [6]